Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
452.05
Change Change %
-13.95 -2.99%

Updated:16 Nov, 2018, 14:24 PM IST

BSE
450.00
Change Change %
-16.10 -3.45%

Updated:16 Nov, 2018, 14:52 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Edelweiss
N/A
31-07-2017 Buy 692.75 859.00
N/A
Closed Long (1Y)
31-07-2018

Edelweiss maintains buy on LIC Housing Finance

LIC Housing Finance's Q1FY18 PAT, at INR4.7bn ( more than 15% YoY), was lower than estimate on slower revenue traction.Though individual segment's profitability is softer, superior profitability of non-individual segment is likely to cushion overall impact. Further, asset quality risks are limited in the mortgage segment, especially for LICHF, where LAP is also tilted in favour of salaried segment. Also, recovery from existing delinquent corporate loans is a key monitorable. The huge opportunity in mortgage segment will help LICHF sustain momentum. 

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